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tv   After the Bell  FOX Business  April 25, 2018 4:00pm-5:00pm EDT

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pe of 10. [closing bell rings] you have dividend over 4% and potential growth from strategic imperative business. liz: great to have you with your perspective. he says stay calm, carry on. john buckingham. dow snaps longest losing streak since 2017. melissa: the dow turning positive in last hour of trading ending day up 56 points. s&p 500 trying to stage a comeback but nasdaq in the red. i'm melissa francis. >> off the highs, way off the lows. melissa: you're right. david: i'm david asman. so glad you join us. this is "after the bell." market movers have been moving every direction. this is with els we're covering for you this will be a very busy hour, folks. is a bad deal better than none? french president emannuel macron seemed to make the case when asking about the iran nuclear deal. we'll ask jim jordan about this
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and his plans to run for house speaker. tim cook making a plea of his own to the president at the white house, go easy on china when it comes to trade. more on this coming up. investors on pins and needles in a moment. we'll hear from facebook, the first quarterly report since the scandal that rocked the company. melissa: the dow snapping a five-day losing streak. nicole petallides on floor of the new york stock exchange. nicole, back in the green. >> i started to write down sis days in a row, worst since march 2017. we don't have to say that. we're in the green. no day is pouring on wall street. we're up one quarter of 1%. boeing, disney, exxon, leading way. profit surge, raised forecast, that helped dow move higher. there is a look at boeing, gaining 4% on the day.
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no talk about trade wars and worrying about that. so that was a real leader. then we go to twitter, we did it here on "after the bell" yesterday. it had a volatile day today as well. it finished down about 2%. it started off the upside about 4%. worries are about revenue growth and user growth going forward. that is why you saw twitter moving around. last but not least what happened at the new york stock exchange, almost seemed like a runaway train. the nyse rolling out trading for the nasdaq, for etfs. they're doing it here and doing it very methodically. that would include names such as amazon and google and today was to be the first day of trading for these particular stocks that trade over $1000. there was a technical glitch. so they did not trade here at all. there was no trading until the end of the day. they will work on it overnight. traders will get notifications whether or not the program to
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trade these will happen. if you trade in alphabet and amazon have not been affected. these have been trading beautifully at all other exchanges. worry not if you read any headlines. this is something new at the nyse rolling out very methodically and carefully. the last thing they want to do is mess up those trade. back to you. >> if i owned stocks i would just be happy. i don't know i would be worried about it. nicole, thank you. david: there's a lot of happiness going on despite ups and downs. let's bring in today's panel. jonathan hoenig from capitalist pig hedge fund. fox news contributor. deirdre bolton. and todd horowitz host of bubba trading show. start with boeing. because of all companies in the world that have a reason to worry about trade concerns, about steel tariffs and et cetera, it would be boeing but look what happened today. when you look at individual stocks supposedly affected
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negatively by trade talk and tariff talk and everything, you see how well they're doing, maybe the whole market should catch on to this? >> indeed, david. as you rightly point out boeing did close higher, struggling a little bit earlier in the session. the company exceeded expectations on the top and bottom line for earnings. and that is really what we're focused on. a third of the s&p is reporting this week. of course boeing really helping the dow. we're showing intraday trade, helping dow gain steam as we go through the day. i'm waiting along with you for facebook. david: yes, indeed. >> to see what the numbers show. but one thing i will watch as soon as these break really the amount of money mark zuckerberg says he is going to spend this year because we heard a similar thing from alphabet google that ended upbringing down the stock the next day. david: let me bring todd in. you are bullish on president
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trump specifically what he is doing with tax policy regulation et cetera. >> i think the market is overvalued. equity markets go up 8% year-over-year. we priced in 18, 19, 20 times earnings already. you have seen some of that after they sold off after earnings. boeing popped up later $14 for the day. overall in the short-term i'm looking for markets to come back. overtime if you're an investor stay the course because that is the best way to trade it without trying to pick tops and bottoms. david: jonathan, i should tell you facebook numbers are just beginning to come out. we'll get to them as soon as we get details on them. first, rising interest rates is that why the markets are beginning to freak out? >> i think that is what is different this time this year, david. certainly rumors about president's trade tear refs last year. it didn't seem to affect the
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market much. as you pointed out a lot of stocks like boeing did quite well. now the market deals not only potential for tariffs but rising interest rates. that is causing a lot of sectors like reits, for example. they are down 10%, preferred stocks, income oriented names. the despite the fact the dow is up, more winners than losers, 52 lows than 52-week highs, that gives caution. david: deirdre, corporations had two reasons to cheer, tax cuts, deregulation, big reasons to cheer but then one reason to get as berry, that was the interest rates going up. that is what is happening. there is balancing. before we go any further, getting the facebook numbers. go ahead to nicole. >> looking at the mobile advertising revenue. that is really key. that was 91% of advertising revenue. that is good news there. you can see facebook, david and
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melissa, it is up, gaining over the last 60 seconds. i peeked. it was up quarter of a percent, now up one 1/4% here, revenue, 11.97 billion. that beat estimates. earnings per share which also beat at 169 versus 1.35. facebook saying we're taking broader view of our responsibility. that is all about cambridge analystca. investing to make sure our services are used for good. back to you. melissa: okay. jonathan, deeder, todd are back with us, michael nunez, mashable deputy tech editor. michael, i will start with you. these guys, they're classic sandbaggers. they beat on the top and bottom line eight quarters in a row. they're very good estimating where they are coming in and beating it by a little bit. what is it you're really focused on in this report? what are you listening for? >> everybody knows facebook will
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make a lot of money. they are one the premier advertising platforms out there along with google. that is really no surprise. what most people are watching for user engagement. the risk involved in consumer trust or user engagement, whether people use facebook regularly, spending hours every single day on the network that brings this platform value in the long run. melissa: jonathan, they make great money. 91% of their revenue coming from mobile ads. i remember a time they were saying are they going to be able to stance significance into mobile but is the question really how many people went along with that delete facebook hashtag? >> transition to mobile or even transition to video on the news feed. that is part of the facebook success exactly as you said. their ability to transition, where they go from here i think depends ironically on government. the stock had a big decline from basically 180, down to 150 once the government investigations
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started. i will listen and review the call closely to see if any mention made of potential government intervention, regulation, that could spell real disaster for the stock basically no man's given the beat. melissa: monthly average users first quarter up 13% year-over-year. how do you feel about the number? >> i think the number is fine, melissa. don't see a number with facebook. i think regulations they will get, benefit them long term as i said last week. somewhere down in the area i think probably a buy. lowest i see it going into the low 140s. at end of the day they make a lot of money, they will continue to make a lot of money. the spence outlay to make that money is not high so i think they will be fine going forward. melissa: you bring up a great point. deirdre, you talk about the expense outlay, another stat, headcount up 48% year-over-year. that will have to go even
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higher, right? >> it certainly will. we heard from mark zuckerberg saying he would adding 10,000 humans, engineers, flesh and blood, right, to combat some of the issues. facebook had a one-two punch to the gut before the presidential election in 2016, right? we remember the statistic 125 million americans saw an ad on facebook that was either manipulated by or generated by a russian bot. that was strike one. strike two was 87 million plus people data shared with cambridge analytica. facebook most certainly needs to higher, the fact they're adding humans, no matter how good the algorithms are, no matter how good the artificial intelligence tools they're building, there need to be people, good old-fashioned humans in the mix. facebook will have to spend more. we will think i for the rest of the year see some of the profit margins come in. the company has been very vocal,
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mark zuckerberg himself, about spending more. he said essentially an increase in expenses will happen this year. he has been telegraphing this as much as possible. about the u.s. digital market, i want to point out, we were talking about that earlier, facebook and google together have 2/3 of the u.s. digital ad market. that is a 90 billion-dollar market. 2/3 shared between two players. this possible ad number of facebook. melissa: all i heard was next. so i will go to this. do users still trust facebook. we hit the street to find out. >> do you fear facebook could be taking your data or instagram could take your data? >> a little bit. >> i know they were stealing my data. >> i don't think it is clear what they were using the data for. >> would you consider deleting your facebook? >> no. >> no. >> i would take it into consideration. >> it is under consideration. >> i actually want to delete it. melissa: hmmm. very interesting. michael, what do you wan to
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think about that? >> i think really no surprise to me. a lot of people, especially my age, people grown up with facebook are really reconsidering their relationship with the app especially after we found out sort of what facebook has been doing with our data. it is not as easy as always opting into something. melissa: yeah. >> in fact there was a period of time where people were able to opt in for you. seems like that mess still hasn't been cleaned up. melissa: deirdre, what is so ironic about this, the young people who don't care about privacy already moved away from facebook. they were already doing everything else. maybe the profile was still up but not spending a lot of time there. it was older peep, they got off because their grandmother was on there. those people are spooked by what happened, right? >> indeed. we as consumers and as digital media users have to know, if you're not paying for the product, you're the product. facebook launched an expensive
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ad campaign to refute what i said. at end of the day if you're -- melissa: i heard jonathan chomping at the bit. >> ironically, people talk about being outraged facebook is selling or observing some of their data and decisions but they don't necessarily take the opportunity to leave the service. so obviously what they say and what they do not always the same. melissa: we're looking for that number. that is one of the numbers we're waiting on right now as they're talking. we want to see exactly how many people disengaged. that would tell the whole story. you could be right, melissa. >> we have breaking news on another stock reporting second-quarter earnings. that is visa. let's go back to nicole with numbers. >> dow component up 2%, almost. beat on both top and bottom line. earnings per share 1.11. revenue 5.1, beats 4.81 billion. stock is up 2%. we saw transactions processed, 29.3 billion, that is 12%
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increase over the prior year. looking at the tax rate. and that included a 6% point reduction resulting from u.s. tax reform. payment volume. people are out there spending, up 11%. it is a winner, up 2%. back to you. david: good stuff, nicole. thank you very much. melissa: president trump meeting with apple ceo tim cook at the white house. sarah sanders addressing the meeting earlier during the briefing. >> the purpose of the meeting is to discuss trade, something that has been on the president's schedule last couple weeks. melissa: todd, what do you think about this? what do you think went down in this meeting? >> well, tim cook is doing the best thing for his shareholders. he wants trump to stay away from putting tariffs on china to keep them from getting into china to sell more products. he is lobbying to keep trump from keeping them with all these tariffs. i think he is trying to do the best thing for shareholders.
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do i agree with that? no. i think trump is on the right track. that i hope he stands tall and worry about what he is doing and apple only cares what amount of money they make but not the rest of the country. david: ford motor company reporting first quarter results. let's go to jeff flock. he focuses on the auto industry. what does it say, jeff? >> david, they said it would be a stretch to see a big surprise on ford? get ready to take a stretch. revenue, huge beat by ford. this was not expected. the estimate was for 37.2 billion in revenue q1, almost 42 billion, almost 5 billion additional dollars of revenue. you would think the earnings per share was better. it's a beat on eps, 41 cents was estimate, 43 cents. margins have not been good at ford. 5.2% margin. gm is eight or almost 9%. david: you see reflected in the shares.
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after-hours, despite the great numbers only have a slight tick to the upside. but they are making a lot of cars. jeff, thank you very much. we have more earnings. melissa: kind of opposite what was expected. interesting. we'll have the cfo coming up later. we'll have opportunity to ask about the ford situation. breaking news, at&t shares lower after-hours after missing expectations for first quarter revenue and earnings per share bringing in $38 billion in revenue. the revenue is down more than 3% from this time last year. first quarter revenue declines were primarily driven by adoption of a new revenue accounting standard. hmmm. david: so three good, one bad. that ain't bad. we heard big headlines from ford but the big question on consumers minds, will you be paying more for your cars and trucks as the company deals with the new steel and aluminum tariffs? we'll ask the ford cfo bob shanks in a "first on fox
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business" interview. melissa: president trump's travel ban facing a big test before the supreme court today as arguments get underway. what we are hearing at this hour. david: few details about that college professor that james comey used to leak his conversations with president trump. what we now know and why it's significant. >> personal thoughts and reflections are fine but if they're personal thoughts an reflect suns about classified information, then they are classified touts and reflections. you can't simply take them out and leak them.
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well your situation's totally changed now. right, right. how 'bout a plan that works for 5 kids, 2 dogs and jake over here? that would be great. that would be great. that okay with you, jake? get a portfolio that works for you now and as your needs change from td ameritrade investment management. david: breaking news. look at facebook. it is up over 4%, closer to 5% right now after-hours. it was a beat on first-quarter earnings and revenue. social media company's mobile ad business grew on a major push to
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add more video content. facebook says monthly active users rose 13% to 1.45 billion. daily active users rose 13% to 2.2 billion. that's people. that's a lot. melissa: ford shares flat after hours following release of first quarter results the auto company beating on revenue and earnings per share. revenue rising 7%. here thousand is bob shanks, ford chief financial officer. thank you for joining us. big beat on revenue, however earnings per share stayed the same and that margin at 5.2%, a lot of folks on wall street were looking for you guys to improve that margin this quarter. what happened? >> well, we saw an increase in commodities of about half a billion dollars in the quarter. so we held our costs other than commodities. we had a big increase as you said in revenue, that was across almost every part of the business, driven in part by
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great new products like expedition and navigator we're seeing increases in transaction prices but increases in commodities held us back. melissa: you would lay the blame at footsteps of the white house and all the talk about rising steel prices and aluminum? >> well, part of it is just the economic cycle. you're seeing a lot of the, commodity cycle that had been down for several years is now coming back. you're seeing growth in almost every part of the world, so that is a big driver of that. clearly the threat of tariffs, obviously they're not in place yet, threat of tariffs particularly on steel had impact on market prices. melissa: what, what are you doing moving forward? are you trying to hedge against that problem? do you think this is only temporary part of a negotiation that we'll not really have this trade war? how are you guys playing it? >> well, what we're doing is we're focusing on two things. one is that we have great new
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products where we get revenue, expedition and navigator are products like that. we're seeing over 2019 through 2022 period, since october we had investor event in new york, we identified 11 1/2 billion dollars of incremental costs and other efficiencies in the business, 1/3 we'll have by 2020. what we have to do become more fit, on top of that have great new product. melissa: let's talk about the product a little bit because everything i read talking about the fact that consumers are shifting towards the suv and that has been hurting your business. you talk about the iconic brands of expedition and navigator, why are you not able to capitalize on that more if the consumer trend is toward bigger vehicles? >> we're capitalizing on that. we're building everything we can. we can't meet demand. we're investing at higher line speed in the kentucky truck
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plant to keep up with the demand. i think also enabling us to get the fantastic transaction prices. overall consumers around the world, not just in the united states move toward more suvs as well as trucks that is very positive for us. melissa: what can you do to capitalize that further? especially talking about the f-150? >> well, one of the things we can do, we can come out with more exciting derivatives. of course the raptor you're familiar with is fantastically successful. one of the things we just introduced is a diesel version of the f-150 for very first time, getting 30 miles per gallon, the best in the segment. we have to keep giving customers things they want and value, they're excited about and they pay top dollar for. but that is certainly something that top of our list of things to do. we're doing it all over the world. melissa: build them faster, increased margins. a lot to work on there, bob shanks. get back to work.
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appreciate your time, sir. >> thank you. david: i love ford trucks. i love ford trucks. i dream about ford trucks. anyway, emotional day on the field. republican lawmakers return to baseball practice nearly a year after the horrific shooting that left majority whip steve scalise severely injured. we have an update on a bitter sweet day coming up. french president emannuel macron pushing for u.s. to stay in the iran nuclear deal. we're asking congressman jim jordan about that, whether he, jim jordan, may be the next speaker of the house. that's next. >> if iran threatens us in any way, they will pay a price like few countries have ever paid. ♪
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melissa: chinese scientists reporting that north korea's nuclear test site has collapsed since the rogue regime last test in november.
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ahead after historic summit to take place on friday between rival leaders kim jong-un and moon. what do you make of this? do you think the site really collapsed? >> i think it is very likely. our understanding is, melissa, that all six nuclear tests have taken place inside of that mountain at pun-ri. i heard stories before about this. there were concerns there was a tunnel collapse where people were killed or injured. now this new reporting, what is interesting about this really, is recent concessions from the north koreans about stopping nuclear testing. this may a be a throwaway because they have no place to test until they get another sight. with but we need to know more. melissa: is this the only place they could do it? >> my understanding is, i'm
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outside of government now and my understanding is that all six tests that they have conducted have been conducted at this site and there has been a lot of concern from seismologists and others about what would happen, because you're blowing incredibly powerful weapon below the surface of the earth. it would create caverns and seismological events and other things well beyond my knowledge that people were concerned about, the fact that the mountain might collapse, what that might mean. i understand they have all taken place there. melissa: talk about destroying the planet. >> yeah. melissa: now north and south korea having a first historic meeting in over 10 years. what do you expect from that? what are you looking for? >> right. well it is historic. this is the first time they have, the two leaders have met of the country since 2007. this is the first time that a north korean leader has been in south korea. this will take place my understanding on the southern side of the demilitarized zone. that is obviously a misnomer,
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that is the most militarized line up division in the world, that is what they call it, the 38th parallel. this will be historic. for north korea this will be an historic event for them. they will play this to the folks at home. his father didn't do it. his grandfather didn't do it. only those people as leaders of the country. this is indeed historic. melissa: yes. >> i think they will look for concessions from the south. they're always looking for economic concessions. they may look for concessions from china. for south korea obviously a lot of things are important. reductions in tensions. human hewlett-packard -- many humanitarian issues. many families are divided since the war. some live in the north. some live in the south. opportunities for families getting together especially when they get older is critically important. that is something important. they are talking about a peace treaty. this is just an armistice. there has been a cease-fire
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since 1953. they are talking about this. melissa: i always thought the dmz was named with irony. peter brookes thanks. >> thanks forking me. david: we have great news for chipotle. it has been up and down but up 9% after-hours after major earnings beat. earnings per share of $2.13. that is an increase of 33%. chipotle met expectations on revenue, bringing in 1.15 billion. this is first earnings season with the new ceo. this is brian nicole leading the company. planning 150 new restaurant openings in 2018 fiscal year. you have a roaring economy that is exemplified what happened to chill pole -- chipotle, yet market is unsure where to go from here. melissa: people are hungry. after winning a congressional
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special election what could the tight race mean for the november midterms? former arkansas governor mike huckabee coming up.
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>> there is an existing framework called the jcpoa who controls the nuclear activity of iran. we signed it. at the initiative of the united states. we should not abandon it without
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having something substantial and more substantial instead. that is my position. [applause] david: they signed it at the initiative of the president obama, let's be clear. it was not the whole united states. french president macron challenging president trump's disdain for the iran nuclear deal which is approaching a may 12th deadline for renewal. here on the phone, ohio congressman jim jordan, member of the house judiciary committee to talk about that and other things. congressman this, wasn't a treaty. this was not something that the senate agreed on. this was a deal president obama made himself. essentially turned into a bribe, a multibillion-dollar bribe, some of which was paid in cash. why shouldn't we have disdain for this? >> you're exactly right. it should have been treated as a treaty. it should have required a supermajority to be acted. remember the way the process worked. i voted against it. thought it was a bad deal. i think the president has been clear he doesn't like the deal
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either. we'll see what happens here in a few weeks but i don't like it. even if it, even if iran follows it they get to nuclear weapons. david: right. >> since when has iran kept their word and done what they are supposed to do? david: it was a bribe made to people that want to destroy us. that amounts to appeasement, does it not? >> not to our best ally in the world, state of israel, where the president will go a few weeks to open up the embassy in jerusalem, to talk about the transition which was the right thing to do. no, you're exactly right. david: bring it back home. meanwhile new revelations about james comey and the friend who he leaked his infamous trump memos leaked to the press. >> yeah. david: turns out his friend received a special government employee status from comey. >> sure did. david: daniel richmond, the columbia law professor a pass to handle classified documents. i'm wondering. is this the sort of thing james
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comey used to hand out to other people decide this one guy? >> that is a great question, david, we don't know. we discovered mr. richmond had special government employee status, which seems to indicate he could come and go as he wanted. we presume that will come and go with a clearance. we don't know if he he was paid or not. we heard reports he wasn't but we don't know that for sure. what i see this guy who leaked documents on to the "new york times" had special status we learned about when james comey's chief of staff was deposed in front of the oversight and judiciary committees last fall. david: you wonder how many other leaks were made in this way by james comey? >> well -- david: you had a letter you sent out to attorney general jeff sessions you talked about the raid on michael cohen's office. >> yeah. david: michael cohen is the attorney for president trump. what are you trying to do with this letter? >> whether the attorney general was consulted in this is
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something me and others are thinking about. this wasn't just any lawyer. this is the lawyer for the president of the united states. mr. rosenstein, press has been very clear on this, this was done outside of the umbrella of the special counsel. therefore jeff sessions should not be recused from it. it would seem to me when you're kicking in the door of the president's lawyer, that is something that should be decided or consulted with the chief law enforcement officer, family the attorney general -- namely the attorney general. david: is there any indication that mr. sessions did sign off on it? >> there was none. seems like this was mr. rosenstein's decision to allow it to happen. we want to know for sure if it was all at all the attorney general was consulted or did he give advisement on this decision. david: finally, congressman, you have to go to another vote, there is big question, will there be a new house speaker before january and do you want the job? >> look, i have been encouraged by colleagues to consider it. if and when there is a race i'm
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open to that but i don't think there will be a race. paul has been very clear. he will stay through the end of this congress. what we're focused on doing what the american people are american people sent us here to do if we don't do that there won't be a race for speakers but minority leader. david: you wouldn't say no to the job? >> i am interested in looking at it, david, i am. david: congressman jim jordan. that is between two very important votes but we appreciate you making it to the phone. thanks a lot. >> thank you. melissa: breaking news right now. ebay shares trading lower after-hours missing slightly on first quarter revenue. earnings per share in line with wall street expectations. e commerce company announcing a 4% increase in active buyers across the platform. i think that was mostly me. david: even though it was unchanged after-hours, good news in terms of the economy. the economy continues to grow. wondering how long the market will be in this sort of pause before it goes to the upside.
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we're getting good news out of houston. president george h.w. bush has been move interested the intensive care unit. this is great news. he is expected to remain at the hospital recovering for several more days. according to a statement from his office, he is alert, he is talking and focused on the houston rockets winning their playoff series. god bless him. we'll be right back. from brighthouse financial, which allows them to take advantage of growth opportunities in up markets, while maintaining a level of protection in down markets. so they can focus on new things like exotic snacks. talk with your advisor about shield annuities from brighthouse financial- established by metlife. running a small business is demanding. and that's why small business owners need more.
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melissa: making the case, the supreme court hearing arguments on challenges to president trump's travel banda. this is not the only legal battle facing the trump administration. with a set back on its daca decision as well. let's go to blake burman at the white house for more on all of this. blake. reporter: the trump administration on the wrong side of a legal ruling as it relates to immigration. a federal judge in washington, d.c., that the trump administration needs to process new applications for those that
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want to seek applications under daca. however this will not be instituted immediately. there will be a 90-day hold on that judge's decision. down the street over at the dnc celebrated this decision. the head of the democratic national committee saying in a statement, quote, once again our judicial system rejected trump administration cruel and unconstitutional decision to end daca. while it is another important victory it remains urgent that congress take action to permanently protect dreamers. here at white house, they describe ad the court ruling as win for criminals. >> we believe the judge's rule something extraordinarily broad and wrong on the law. what is worse that it creates incentive for more illegal immigrant youth to come here. causes them to expect similar judicial policies applied to them. this is good news for smuggling organizations and criminal networks and horrible news for our national security. reporter: a separate immigration case before the supreme court today the administration argued
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trying to uphold its travel ban 3.0, the third iteration of this. one issue was the president's comments that he made out on the campaign trail which he called for a complete and total ban on muslims entering the country. one justice, justice kennedy at one point asking quote, is anything said in a campaign relevant? however the conservative justices appeared to be siding with the administration on this one. for example, justice alito saying that five countrieses on the list currently only make up 8% of the muslim population. melissa, david, back to you. >> interesting stuff, blake, thank you. david: and let's give you another look at facebook. despite all the problems the company is surging after-hours following a beat on first-quarter earnings and ref gnaw. the social media giant reporting rising profits as advertisers were undeterred around all the controversies handling of facebook data. facebook is saying it is taking
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a broader view to make sure its services are used for good although it is impossible to make sure that is what happens. that is what they say. melissa: crashing the blue wave. republicans pull off a victory in arizona. keying up for a key senate battle in west virginia. mike huckabee is up on how this plays out in the midterms. ♪ so lionel, what does being able to trade 24/5 mean to you? well, it means i can trade after the market closes. it's true. so all...
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david: a win for the gop but not everybody seeing it that way. republican debbie lesko winning a special congressional election by decisive five percentage points because trump won the district in 2016 by 20 points, the mainstream media is portraying the win as a loss. this is true. is that a fair point? does it mean that the media and democrats prediction of a blue
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wave in november is unraveling? former arkansas governor, former presidential candidate and we're pleased to say a fox news contributor as well. so, governor, what do you think of the media spin on this win? >> well, it is a simple thing, david. there is only one person who will raise her hand and take the oath of office in congress and it is the republican. so the democrats and the media, but then i repeat myself, the democrats and the media can say all they want to about this being significant. they really thought they had a chance to win this. it wasn't as close as they thought it would be. there was a six-point spread. having been on the ballot i will take a win any day over a close loss. so that is nonsense. donald trump is going to have better numbers than some of these local candidates because he is well-known and he, he brought out last year, in 2016, an enormous little of energy that most candidates can't match. david: right. so what do you think when you
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hear them talk about the blue wave come november? >> well, if they continue to say that the tax cuts are crumbs and it doesn't mean anything to families for whom it is making a huge difference, if they continue to say we want open borders and let's not enforce immigration law so people can come in here, that is going to be a wave, and it is not a wave we'll be waving bye-bye to some democrats. i did don't sigh the blue wave coming. david: not only talking about with regard to the enemies, but also what they're saying what they want for the future. they have gone so far to the left, sometimes like reading the soviet constitution from 1935, talking about universal basic income, talking about everybody has a job. i'm not joking about that. i went back and looked at the soviet constitution. a lot of points are in there. this is the platform they will take. i'm just wondering if americans they look around, wait a minute, we tried, we came close to that with president obama. it didn't work with the economy. we're going back to the market.
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seems to be working for the economy. so what are we going to do? >> well, david, you know, i was laughing when you said that because, no, it is not a joke, it's true. that is what they're pushing for, moving further and further to the left but country isn't. working people know if you keep giving stuff away somebody has to pay for it. they're aware, they are the suckers asked to pay for it. that is why donald trump is sitting in the white house. people are sick of that. there is no such thing as free lunch or fry everything. david: we've seen it happen so often. people catching on to it. very quickly, the supreme court today, they're taking these hearings on whether or not the president's ban, immigration ban was discriminatory because some of the country the involved in it had majority muslim populations. i really like what supreme court justice roberts had to say, the chief justice. let's play that, get your reaction. >> if the military advisors tell
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the president in their judgment the president ought to order a strike, airstrike against syria, and the president says, well, does that mean he can't because you would regard that as discrimination against a majority muslim country? david: we have only 20 seconds, but common sense of that is hard to dispute. >> it is not just that issue but the fact is that if the president of the united states charged with the responsibility of national security can't make it because they don't like his politics, then david, we have a separation of powers issue and we have a court that is acting well beyond its capacity. it really ought to scare us to death. david: governor mike huckabee. always a pleasure to hear your common sense. we thank you for being here. >> my pleasure, david, thank you. david: appreciate it. melissa: back on the field, republicans returning to baseball practice nearly one year after a gunman opened fire. >> this baseball field, i think
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melissa: an emotional day on diamond. g.o.p. congressional baseball team taking the field for the first time since last year's shooting. >> today is an emotional day, also a rebirth, a renewal. we're a strong country. >> we never got to finish the practice we started. that is why i wore the same uniform i was wearing on the field that day, it was important to come out here. david: gunman wounded 5 people, including house majority win steve scalise, before the gunman was shot and killed by capital police, steve scalise has made a
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remarkable recovery, he might be the next speaker of the house if the republicans holding on to it. melissa: great to see that. david: wonderful. melissa: here is "risk & reward." >> we have 128 companies out of 500 reporting so far. their revenue up 10.1% over last year. we've seen a clear acceleration in economic growth, i think earnings would be up 15 to 20% this year, stock market still at this time, it has been undervalued for 9 years. my bullish stance is still in place. liz: your money in focus, stocks on the move, dow surging over 300 points off of the lows of the day, closing up 59. boeing soaring on

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